Citigroup Inc. Trims Holdings in Tyson Foods, Inc. $TSN

Citigroup Inc. trimmed its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 26.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 419,674 shares of the company’s stock after selling 149,984 shares during the period. Citigroup Inc. owned 0.12% of Tyson Foods worth $22,788,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Generali Investments Towarzystwo Funduszy Inwestycyjnych grew its stake in Tyson Foods by 10.0% in the third quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 2,200 shares of the company’s stock worth $119,000 after purchasing an additional 200 shares in the last quarter. Rossby Financial LCC increased its position in Tyson Foods by 25.0% during the 2nd quarter. Rossby Financial LCC now owns 1,084 shares of the company’s stock valued at $61,000 after buying an additional 217 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in shares of Tyson Foods by 93.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 473 shares of the company’s stock valued at $26,000 after purchasing an additional 228 shares during the last quarter. Unison Advisors LLC raised its holdings in shares of Tyson Foods by 0.9% in the third quarter. Unison Advisors LLC now owns 26,669 shares of the company’s stock worth $1,448,000 after buying an additional 236 shares during the last quarter. Finally, PharVision Advisers LLC grew its stake in Tyson Foods by 4.4% during the 2nd quarter. PharVision Advisers LLC now owns 6,152 shares of the company’s stock valued at $344,000 after purchasing an additional 262 shares during the last quarter. 67.00% of the stock is owned by institutional investors.

Tyson Foods Price Performance

Shares of NYSE TSN opened at $63.59 on Friday. The firm has a 50-day simple moving average of $61.50 and a 200-day simple moving average of $57.24. The company has a quick ratio of 0.66, a current ratio of 1.53 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $22.39 billion, a price-to-earnings ratio of 113.55, a price-to-earnings-growth ratio of 1.38 and a beta of 0.48. Tyson Foods, Inc. has a 52 week low of $50.56 and a 52 week high of $66.41.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, February 2nd. The company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.04). The business had revenue of $14.31 billion during the quarter, compared to analyst estimates of $14.11 billion. Tyson Foods had a net margin of 0.36% and a return on equity of 7.67%. The firm’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.14 EPS. On average, equities analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.2%. The ex-dividend date is Monday, June 1st. Tyson Foods’s dividend payout ratio is presently 364.29%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on TSN shares. BMO Capital Markets increased their price target on Tyson Foods from $67.00 to $73.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 3rd. Barclays lifted their price target on shares of Tyson Foods from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Tuesday, February 3rd. Weiss Ratings restated a “hold (c-)” rating on shares of Tyson Foods in a research report on Monday, December 29th. Piper Sandler boosted their target price on shares of Tyson Foods from $58.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Finally, JPMorgan Chase & Co. raised their price target on shares of Tyson Foods from $63.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd. Three research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, Tyson Foods has an average rating of “Hold” and an average price target of $64.27.

Tyson Foods Profile

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.